May 27, 2011 / 11:51 AM / in 7 years

UPDATE 2-Heroux-Devtek Q4 profit up 75 pct, shares rise

* Q4 EPS C$0.25 vs C$0.14, a yr ago

* Q4 sales rise 25 pct to C$106 mln

* Shares rise 9 pct (Follows alerts)

May 27 (Reuters) - Aerospace and industrial products maker Heroux-Devtek Inc posted a higher quarterly profit, helped by an increase in its aerospace segment sales, sending its shares up 9 percent.

Net income for the fourth quarter rose to C$7.7 million, or 25 Canadian cents per share, compared with C$4.4 million, or 14 Canadian cents per share, a year earlier.

Sales rose nearly a quarter to C$106 million. Aerospace sales rose 25.7 percent to C$99.5 million, while sales from its industrial segment grew 11.2 percent to $6.5 million.

The company had signed a seven-year contract earlier this year with civil aircraft maker Bombardier Inc BBDb.TO to assemble and deliver structural parts like wing spars, wing ribs and fuselage frames. [ID:nSGE7170D5]

Shares of the company were trading at C$9.12 on Friday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Joyjeet Das)

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